That is because the law largely took control of rent regulation out of the hands of the city government and gave it to the state legislature. (gothamgazette.com)
The legislature, a body with many representatives from upstate districts that have few renters, has weakened rent regulation laws year after year. (gothamgazette.com)
And that issue, as you know, is still being debated as we speak, although we see some very promising signs on rent regulation. (observer.com)